Tag Archives: FTSE
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Short Positions Grow 23% Overnight As May’s Confidence Vote Approaches
Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.
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GBP/USD: Cable Poses Short-Cover Rally Ahead of No-Confidence Vote
The British Pound is putting in a vigorous bounce from the 1.2500 psychological level; but already an area of prior support is helping to set resistance ahead of today’s no-confidence vote.
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EUR/USD: Traders Remain Net-Long Despite a Mixed Bias
The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.
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Gold Sentiment Gives a Strong Bearish Bias
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.